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Reinsurance Technician
£60,000 - £65,000
London – Flexible hybrid working
A top performing Syndicate are seeking an additional Technician for the Reinsurance team to ensure continued success, growth and profitability.
Key responsibilities & accountabilities:
• Analysis of inward claims in relation to outward reinsurance programmes.
• Processing of reinsurance recoveries and calculation of reinstatement premiums.
• Liaise with brokers, advising and collection of reinsurance claim recoveries.
• Assist with maintaining the syndicate's reinsurance records, with application to reinsurance systems.
• Reinsurance credit control processing and reporting of aged debt.
• Processing of premiums and premium adjustment for non-proportional and facultative risk placements.
• Quarterly premium process and claims on proportional quote share treaty accounts including calculation of annual profit commission.
• Assist with monthly and quarterly close processing.
You will need to be able to demonstrate you have the following skills and experience:
• Prior experience within Lloyds reinsurance market
• Working knowledge and familiarity with Lloyds Excess of loss, facultative and quota share placements.
• Familiarity with LORS messages and their processing requirements.
• Excellent working knowledge of a full suite of MS Office products to include Word and Excel, and ability to develop a full understanding of in-house reporting capabilities.
• Well-developed communication skills both written and oral.
• Excellent stake-holder management skills and a high attention to detail.
Reinsurance Technician
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